43 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

43 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 103m2
Land area: 780m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 22 Dec 2025
Low

High
Save

Property Details for 43 Observation Dr, Rye

43 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1982. The property has a land size of 780m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in October 2019.

Building Type
House
Year Built
1982
Floor Size
103m2
Land Size
780m2
Local Government
Mornington Peninsula
Lot/Plan
170/LP19188

Last Listing description (November 2019)

Surrounded by stunning manicured gardens, this three bedroom single level holiday retreat, family home or holiday rental provides opportunity and options for all buyers. Situated on a generous allotment of 780m2 approx. and only a gentle stroll to the Rye front beach or short drive to the back beach, this charming property will suit your dreams.
Comprising: three spacious bedrooms, open plan living with open fire place, functional kitchen, separate laundry and bright central bathroom, 43 Observation Drive will accommodate the entire family. An outdoor undercover area overlooking the picturesque gardens will make entertaining a delight.
If you are looking for a low maintenance beach side property, 43 Observation Drive, Rye is what you've been looking for.


Comfortable living room with OFP
Separate dining
Functional kitchen with plenty of bench space
Three generous bedrooms
Bright central bathroom
Low maintenance gardens
Off street parking
Minutes to the front beach or back beach

Property History for 43 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$572,500
25 Oct 2019
  • 25 Oct 2019
    Sold for $572,500
  • 05 Sep 2019
    Listed for Sale Not Disclosed
  • 10 Mar 1982
    Sold for $22,000
Sign in to see more transactions
Commute Calculator

About Rye 3941

The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation.In 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.

Rye has 10,056 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 76 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 346 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

Market Insights
Rye Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Rye Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.